India’s SREI Equipment could issue up to Rs. 50 billion debentures

By Tali Rackner

Norfolk, Va., Feb. 9 – SREI Equipment Finance Ltd. is planning an up to Rs. 50 billion issue of secured and/or unsecured redeemable non-convertible debentures.

The company informed the Bombay Stock Exchange that it its board of directors will meet on Tuesday, inter alia, to consider the issuance.

The bonds will be issued on a private placement basis from time to time during the financial year 2015-2016, with effect from April 1 up to a period of six months to Sept. 30, 2015.

Srei is a financial services company based in Kolkata.

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